The most expensive player of the tournament that began in 2008, Dhoni also has been among the most successful. The man replacing him in the leadership role, the 27-year-old Smith, is currently the captain of the Australian cricket team.
Sanjiv Goenka the Rising Pune Supergiants owner said, "Dhoni has not stepped down. We have appointed Steve Smith as the skipper for the upcoming season. Frankly speaking, we did not have a good last season and we wanted someone young to lead the side and revamp it ahead of the upcoming season 10.